Make $ w/ $2,000?

chaos · Jul 23, 2003

Quote from jasrlew:

My question is this: Experienced Traders: If your trading account was wiped out and all you had was $2,000, could you make money on it? Any particular strategies?

This is a great question. Come on you experienced traders, how do you think you'd make out?

baggerlord · Jul 23, 2003

I started a 2k futures acct a few weeks ago, doing OK. Make sure you daytrade with tight stops. BTW, I work 40-50 hours a wk as well.

baggerlord · Jul 23, 2003

One hint from my experience, stick to pullbacks until you build up a little more capital. Trading breakouts can give you high drawdowns. I am scalping the ES on pullbacks right now, and my account is handling the losers just fine.

Ditch · Jul 23, 2003

With $2000 you have no cushion for losses, but $5000 should do it for trading one e-mini. If you're new at that i suggest NQ or YM instead of ES.

marketsurfer · Jul 23, 2003

no question YM is the vehicle for you. YM with global futures who require only $500.00 margin. www.daytrade4less.com

all the best to you,

surfer

ditaln1 · Jul 23, 2003

YM is the mini dow?

jasrlew · Jul 23, 2003

Baggerlord:

Would you mind if I PM'ed you to learn a little more of your suggestion? Thanks

ditaln1 · Jul 23, 2003

Sorry, had it as a different symbol on my quote system.. BUt, they are probablt right.. Day trading the mini dow is your best bet with 2k..

-I

baggerlord · Jul 23, 2003

I PM'd you.

CalTrader · Jul 23, 2003

Quote from jasrlew:

It seems like there are alot of traders out there trying to start small and grow it to a sizable account.
Alot of experienced traders seem to say that a $40,000 account to begin with might be a good idea which is fine but if you don't have it, well ya' gotta start somewhere.

My question is this: Experienced Traders: If your trading account was wiped out and all you had was $2,000, could you make money on it? Any particular strategies?

Just curious.

If you dont have the capital then get a job in the industry - mail room, trader assistant, general lackey etc. You are kidding yourself if you think that 2K is going to multiply to 100K or more to get you into a decent sized trading account.

Come into this business when you have the capital and can make a full time committment to it as a real business. If you want a hobby then yes the 2K will provide you with hours of entertainment - but not much cash I'm afraid.

If I got wiped out I would raise capital to re-start the business: although after getting washed out it would certainly be tougher to convince an investor to put money behind a venture ....

Make $ w/ $2,000?

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